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FTX users appear to be cashing out of bankrupt crypto exchange through a Bahamas loophole

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Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Some FTX users appear to have found a way to move money off of the exchange through a back door in the Bahamas. Analysis by data firm Argus found unusual trading patterns over the past five days as FTX was gating customer withdrawals. Most irregularities had to do with digital collectibles, known as NFTs. The patterns suggest "desperate" customers were turning to FTX users in the Bahamas for help, according to Argus. related investing news Art Cashin says markets will likely re-test the lows after Thursday's 'borderline miraculous' rally Jesse Pound a day ago Bitcoin will fall further, says fund manager — until this one catalyst kicks in Ganesh Rao 2 days ago The now-bankrupt global crypto currency exchange is only allowing withdrawals in the Bahamas after halting FTX liquidations everywhere els...

Twitter launches $7.99 subscription, which lets users pay for a checkmark

Twitter has begun rolling out the new, $7.99 version of its Twitter Blue subscription service, which allows users to pay for a blue checkmark indicating they have been verified. The Twitter blue service will also include an edit function, priority in replies and mentions and fewer advertisements, although some of those features are not yet live. Twitter owner Elon Musk has said the goal of the new Twitter Blue product is to reduce the volume of harmful accounts on the platform. According to Twitter's website, Twitter Blue subscribers will initially be unable to change their display name after receiving a blue checkmark . "We will be implementing a new process soon for any display name changes," Twitter said. It is not yet clear what will happen to the approximately 423,000 currently verified, blue-check accounts on the site. Many blue checks belong to celebrities, businesses and journalists. The changes continue what has been a tumultuous rollout under Musk, who purchase...